Thread: Little Pip in a Big Pond. Help!!

Pay attention to the trading strategies forum. You might find something you like there.

Thanks Andersenws Ihappen to be, and'll do that. I apperie your aid.

You mention being'on a clinic account'. It's important to have a clinic account. This is where you familiarize yourself with all the currency market and a pair that you can work with. It's here that you learn how to use indiors, both technical and fundmental, to implement trading techniques. You also use this opportunity to learn how to make unemotional trades dependent on the market movement and not on fear of shedding.
I've found success on the GBP/USD.
What platform are you using and what indiors do you use? I've found that the Candlesticks to be very powerful.

Thanks Shewill. I have been tring my hand whatsoever the other indiors as well and have been useing candelsticks. I utilize the Interbank FX 4 trader platform. I enjoy the platform it is self I can set up the charts so that they are easy to read it just seems like all the trading systems I have been trying do not appear to stand out, each time I believe that I am beginning to know my account equilibrium quickly diminishes. Until I find something that works 13, I plan to stay with it. I also plan to stay in a account before that happens. I would like to get in and start earning money but before I could do that on a practice account it sounds too much of a bet. Thanks for the article.

Originally Posted by ;

Thanks Shewill. I have been useing candelsticks and have been tring my hands whatsoever the additional indiors as well. I use the Interbank FX 4 trader platform. I like the platform it's self I can install the charts so they are easy to read it only seems like each the trading systems that I have been trying don't appear to stand out, each time I think that I'm starting to understand my account equilibrium quickly diminishes. I intend to stay with it till I find something that works though. I also plan to stay in a pratice account until that occurs as well. I really would love to get in and begin making money but until I could do this on a clinic account it sounds too much of a gamble. Thank you for the post.

Do not consider FX as a fast method to create some excess bling or you will jump in weeks before you're ready and lose a lot rather than making anything.

Originally Posted by ;

Ok So I'm new to forex, very new. I am still just on a pratice account seeking to make some pips until I open a account. The issue is I cant seem to consistantly make a profit on whatever. I'd like to learn a straightforward trading system that is consistant before I go to a live account is there

I take that you respect warren buffet

I make good money now but I would like to stand out from underneath Corprate America. That is sufficient to make me want to leap in early but I didnt. I need before I do something with my 10, confermation. I look at Forex as an opportuntiy. My first goal was to be trading a live account by January but part of my rule is that I want to have the ability to show a profit for at least two successive months. That is not likely to happen by then now, but I would rather endure a beat of my pleasure that of my own wallet.

And yes I really do admire Warren how can you not admire the most profitable trader in history if you're in the company of trading.

Originally Posted by ;

Don't consider forex as a fast method to create a little extra bling or you will jump in weeks before you are ready and lose a lot rather than earning anything.

Trading in the forex market is an excellent way to become financially free. Easy it's not but it simplified and can be understood. I utilize VT trader platform and that I like the fact which you can customise your indiors. I utilize the MACD histogram, Japanese candlesticks, RSI, Bollinger bands, Alligator and more. The platform delivers a demo account that does not expire. The different patterns of the candlesticks is the indior and is directed by the support lines. Great profits can be obtained from the market but work can be done. The good news is that with the ideal egy you may become financially free.

Hi paritrader, I want to recommend you that you practice to a demo account for 6 weeks. I know that's a lot, but this will give your system some opportunity to experience each kind of markets. I've seen systems that functioned in a row, but them they simply fail miserably as soon as the market conditions change.

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Also and advise I give you is to start focusing on the different market behaviours. Each currency pair has. Like for example, GBP/USD is very volatile, EUR/JPY and USD/JPY respect trendlines and support and resistance, etc.. This will help you develop trading strategies based on these characteristics.

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The key to becoming successful in the FX:
1. Locate a currency you like (i.e. movement, time period, etc.) and examine its movements and time frames.
2. Find out the news that proceed that currency. You have to get this news ancient.
3. Learn how to trade. (the easy part)
4. ) Practice what you've discovered. (the hard part)

If you follow this technique you may triumph.